Alabama - First Quarter 2008
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.8%
|
1.4%
|
1.6%
|
1.4%
|
1.8%
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|
Manufacturing (15%)
|
-1.8%
|
-1.3%
|
-2.1%
|
-2.0%
|
1.4%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
1.6%
|
2.6%
|
3.4%
|
2.3%
|
3.7%
|
|
Private Service-Producing (60%)
|
1.3%
|
1.9%
|
2.2%
|
2.0%
|
1.6%
|
|
Government (19%)
|
1.4%
|
1.5%
|
2.0%
|
1.7%
|
2.0%
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Unemployment Rate (% of labor force)
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3.9%
|
3.6%
|
3.4%
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3.5%
|
3.5%
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Other Indicators
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Q1-08
|
Q4-07
|
Q1-07
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2007
|
2006
|
|
Single-Family Home Permits
|
-36.1%
|
-30.5%
|
-18.4%
|
-21.9%
|
-1.9%
|
|
Multifamily Building Permits
|
14.6%
|
-3.2%
|
17.7%
|
-21.3%
|
1.7%
|
|
Home Price Index
|
4.5%
|
4.4%
|
6.9%
|
5.8%
|
8.4%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
5.36
|
5.36
|
4.86
|
5.09
|
4.26
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BANKING TRENDS
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General Information
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Institutions (#)
|
162
|
160
|
161
|
160
|
159
|
|
Total Assets (in millions)
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270,425
|
248,598
|
229,961
|
248,598
|
233,261
|
|
New Institutions (# < 3 years)
|
15
|
13
|
13
|
13
|
12
|
|
Subchapter S Institutions
|
41
|
39
|
38
|
39
|
33
|
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|
|
|
|
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Asset Quality
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.61
|
2.48
|
1.75
|
2.48
|
1.79
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|
ALLL/Total Loans (median %)
|
1.20
|
1.20
|
1.23
|
1.20
|
1.22
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|
ALLL/Noncurrent Loans (median multiple)
|
1.17
|
1.22
|
2.41
|
1.22
|
2.19
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|
Net Loan Losses / Total Loans (median %)
|
0.09
|
0.20
|
0.04
|
0.14
|
0.13
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|
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Capital / Earnings
|
Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
|
Tier 1 Leverage (median %)
|
10.19
|
10.23
|
10.20
|
10.23
|
10.29
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Return on Assets (median %)
|
0.91
|
0.85
|
1.08
|
0.95
|
1.17
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Pretax Return on Assets (median %)
|
1.11
|
1.07
|
1.43
|
1.23
|
1.51
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Net Interest Margin (median %)
|
3.74
|
3.89
|
3.92
|
3.92
|
4.19
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Yield on Earning Assets (median %)
|
6.75
|
7.28
|
7.22
|
7.30
|
7.09
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Cost of Funding Earning Assets (median %)
|
3.05
|
3.40
|
3.29
|
3.35
|
2.96
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Provisions to Avg. Assets (median %)
|
0.14
|
0.20
|
0.12
|
0.17
|
0.15
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Noninterest Income to Avg. Assets (median %)
|
0.67
|
0.70
|
0.68
|
0.68
|
0.70
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Overhead to Avg. Assets (median %)
|
2.85
|
3.01
|
2.72
|
2.88
|
2.83
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Liquidity / Sensitivity
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Q1-08
|
Q4-07
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Q1-07
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2007
|
2006
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Loans to Assets (median %)
|
64.3
|
64.5
|
62.8
|
64.5
|
63.3
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Noncore Funding to Assets (median %)
|
28.3
|
28.4
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26.7
|
28.4
|
28.1
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Long-term Assets to Assets (median %, call filers)
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18.7
|
18.6
|
16.9
|
18.6
|
17.2
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Brokered Deposits (number of institutions)
|
61
|
61
|
63
|
61
|
63
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Brokered Deposits to Assets (median % for those above)
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3.9
|
4.1
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4.3
|
4.1
|
3.7
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-08
|
Q4-07
|
Q1-07
|
2007
|
2006
|
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Commercial and Industrial
|
78.7
|
82.3
|
76.4
|
82.3
|
75.3
|
|
Commercial Real Estate
|
248.9
|
244.0
|
221.6
|
244.0
|
225.0
|
|
Construction & Development
|
71.5
|
62.8
|
53.1
|
62.8
|
58.1
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Multifamily Residential Real Estate
|
4.8
|
4.6
|
3.9
|
4.6
|
3.6
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Nonresidential Real Estate
|
142.9
|
142.5
|
135.5
|
142.5
|
143.4
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Residential Real Estate
|
161.8
|
167.5
|
165.4
|
167.5
|
166.1
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Consumer
|
47.0
|
50.2
|
51.1
|
50.2
|
55.2
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Agriculture
|
13.0
|
13.7
|
12.0
|
13.7
|
11.4
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BANKING PROFILE
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